BNY Mellon makes interim CEO permanent

Thomas P. (Todd) Gibbons gets to stay at the global custodian’s top chair.

Todd Gibbons should know his BNY Mellon – a company to which he, according to the press release, has dedicated his entire career.

He has served as interim CEO since September 2019, when his predecessor Charles Scharf left to take the leading job at Wells Fargo.

Todd Gibbons’ merits include his serving as CFO from 2008 to 2017, and most recently a position as CEO of clearing, markets and client management. “In that role he oversaw the Pershing clearing business; the trading, financing, collateral and liquidity management solutions delivered through the Markets business; treasury services and commercial payment activities; the U.S. government securities clearance and U.S. tri-party repo businesses delivered through BNY Mellon Government Securities Services Corp; credit services; global client management; and regional area management,” the press release lists.

By valuations per 31 December, BNY Mellon was keeping $37.1 trillion in assets under custody and/or administration, as well as $1.9 trillion under management.